HISTORIC FREEHOUSE & LETTING ROOMS (7)
NEAR LYNTON, LYNMOUTH & EXMOOR PARK
SUBSTANTIAL REFURBISHMENT AND INVESTMENT
TOTAL COVERS c. 150 OVERALL
2 BEDROOM OWNERS ACCOMMODATION
GROWING TRADE WITH FURTHER POTENTIAL
RARE FREEHOLD OPPORTUNITY
The business is situated in an elevated position above the village of Barbrook, a few miles from Lynton and Lynmouth in North Devon. The area is extremely popular with holiday makers, who come to explore the pretty villages, stunning coastline and surfing beaches at Croyde and Wollacoombe. Also, Barbrook is on the the edge of Exmoor National Park, making this business popular with walkers.
We understand the property is from the Georgian era and comprises a Manor House with a modern interconnecting building to a former Barn, now the Beggars Roost Inn. The Manor House has two entrances, through the reception and it’s own original front door and comprises 7 (6 currently let) large and well appointed and refurbished letting rooms, along with the spacious second floor 2 bedroom owners apartment. To the front are mature gardens, principally comprising a lawned area, which many of the rooms overlook. The Beggars Roost (former Barn) is an equally impressive building, with a traditional bar and restaurant on the ground floor, leading to a quite spectacular first floor Functions room, with a mezzanine breakfast area and interconnecting staircase to the Manor House reception. In summary, this sale represents an opportunity to acquire two quite magnificent historic properties which have undergone a significant amount of investment to bring them up to modern standards, yet retain a huge amount of character and charm.
We understand the business has traded for over 30 years, has been in our clients tenure since February 2015 during which time they have undertaken a significant amount of investment to build the business up, which is now showing results as evidenced by year on year sales growth. The business trades all year with exception of some closure in January and February and is run by our clients with chefs and bar persons. The trade split is approximately 20% accommodation; 30% wet and ; 50% food sales. the turnover for the latest full year (end March 2018) showed sales of £280,000 (net of VAT) with an operating Gross Profit level of 57%. Further information regarding our clients business can be seen at www.exmoormanor.co.uk
The Accommodation Comprises (all Areas And Dimensions Are Approximate)
All areas and dimensions are approximate.
Exmoor Manor Hotel
11.43m x 5.47m : Doors and windows to front, overlooking the gardens. Stairs to first floor accommodation, landing and breakfast room. Built in reception desk, tables, chairs and comfortable seating for guests.
Accessed internally via the Reception or via it’s own front door, with a large entrance hall. All rooms are en-suite and have Colour TV’s, tea and coffee making facilities and a fridge.
Double / Family : Two windows to the front elevation. En-suite shower.
Double : Window to rear elevation. En-suite shower.
NB – currently used by a staff member
Double : French doors to the garden. En-suite bath with shower.
Superior : Window to front elevation. Bathroom with freestanding roll top bath and separate shower.
First Floor Letting
Double / Family : Window to front elevation. En-suite shower.
Double : Window to side elevation. Built in wardrobe. En-suite shower.
Double : Window to front. En-suite bath and shower.
Beggars Roost Inn
Main Bar And Dining Areas
17.31m x 4.76m : A very impressive bar and dining room with many character features. Built in bar servery with 12 taps. Work space to rear of Bar. Tables and chairs for 40 covers. Three windows and a set of doors overlooking the garden. Working inset multi-fuel stove. Dumb waiter from kitchen above.
4.16m x 3.20 : With racking and wall mounted cooling, located adjacent to the Bar.
Gents And Ladies Wc’s
Stairs To First Floor
18.41m x 5.30m : A very impressive room with double height vaulted ceiling and wood panelled walls. Capable of taking 70 persons seated or up to 120 standing. Bar servery with 3 taps.
6.84m x 4.08m : A well equipped commercial kitchen, with commercial non-slip flooring and stainless steel walls. Second area 5.29m x 4.14m, door to rear elevation giving access to kitchen stores.
Breakfast Areas / Station
4.90m x 6.91m (max), plus 4.0m x 3.5m : With tables and chairs for accommodation guests, dumb waiter from kitchen below.
Entrance Hall / Study
6.34m x 3.21m
Lounge / Dining
5.3m x 5.10m : An impressive room with a vaulted ceiling, window to the front elevation. French doors leading onto private patio. Ample space for a dining table and settee etc.
3.04m x 2.94m :Two windows to the rear elevation. Electric hob and matching base and wall units.
Bathroom / Shower
Window to the rear elevation, bath and shower, low level wc and wash hand basin.
3.62m x 3.32m :Two windows to the rear elevation, built in wardrobe.
3.40m x 2.98m : Window to the front elevation.
Large car park to the front for c. 30 vehicles and picnic benches for up to 48 covers. Lawned area to the front of the Manor House.
To the rear of the property is ample space for staff parking, waste storage and a building for general maintenance, outside tables and chairs, laundry and a walk-in chiller.
North Devon District Council
Devon EX31 1EA
Tel: 01271 327711
NB – Floor Plans available upon request.
Energy Performance Certificate
The Energy Performance Rating for this property is D81.
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
We understand the business currently holds a premises licence in respect the sale of liquor for consumption on and off the premises.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email firstname.lastname@example.org
or Paul Collins on 01872 247029 or via email email@example.com
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.